OpenTable Inc (NASDAQ:OPEN) announced that its fourth-quarter net income grew 65%. More diners and restaurants are using OpenTable’s electronic booking system and reservations systems. OpenTable’s went public in May 2009 at $20 per share. Today they are trading at around $85-$86.

Japanese car company Toyota has announced a new entertainment system called Entune. Entune will be implemented in certain car models. Entune will have applications, Bluetooth, and text messaging replay and read-back. Apps on Entune include Bing, Pandora, iheartradio, OpenTable, Pandora, and MovieTickets.com. Entune will also have fuel price alerts, stock alerts, weather reports, sports scores, etc. Below is the full press release:

OpenTable Inc (NASDAQ:OPEN) has acquired UK-based company Toptable.com for $55 million in cash. Toptable has 3,000 restaurants in the UK and 2,000 across the rest of Europe. OpenTable has 900 restaurants in the U.K. and 600 in Germany. This acquisition substantially increases the company’s presence in Europe. [GigaOM]

Yelp is integrating OpenTable’s reservation system into restaurant profiles. The OpenTable reservation can only be viewed by registered users viewing participating restaurants. OpenTable currently works with about 11,000 restaurants.

Urbanspoon has launched an OpenTable competitor using the iPad. The iPad application that Urbanspoon created to challenge OpenTable is called RezBook (part of Urbanspoon Rez). The application lets anyone interested in visiting restaurants set up a reservation ahead of time. RezBook will charge $1 per reservation plus a low monthly fee. [TechCrunch]

Apple Inc. (NASDAQ:AAPL) has acquired virtual assistant mobile application company Siri. Siri is essentially a “getting-things-done” application. You just press the green button that says “Say It” and it brings up a solution to your problem. For example, if you say “I’m looking for an Italian restaurant in San Jose,” the application will pull up information about the Italian restaurants in that area. You can also say you are looking for a table for two and it will use OpenTable to confirm a reservation.

IAC/InterActiveCorp (NASDAQ:IAC) subsidiary Urbanspoon has a huge userbase on the web and on the iPhone.  As a matter of fact, about one million people “shake” the iPhone application per day.

Now Urbanspoon is setting up a reservation system with a pilot of 4 restaurants in Seattle.  The reservation system competes directly with OpenTable, a service that has a reservation system that filed for an IPO this past Janaury.  Eventually Urbanspoon will be opening up to additional restaurants.

OpenTable pays $300 per month to rent a terminal for reservations.  Urbanspoon and OpenTable pay about $1 for every reservation made through the systems.

[via RWW]

OpenTable Inc. is an online reservation system that can be used for over 10,000 restaurants in the U.S.  The company is planning to have an IPO on May 20.  The IPO will be underwritten by Merrill Lync & Co.  The company plans to sell 3 million shares at a price of between $12 and $14.  This should give them a net infusion of about $16.1 million.

Forty eight percent of the shares are going to be sold to existing shareholders.  In 2007, OpenTable made about $41.1 million revenues.  Last year the company made $55.8 million.  The company will be trading on The Nasdaq Global Market with the symbol “OPEN.”

[via III/Reuters]